LOPAL(SH:603906) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-14 05:33Core Viewpoint - The company has provided a total of 26,998,000 RMB in joint liability guarantees for its subsidiaries to secure bank credit, indicating a proactive approach to support its subsidiaries' operational needs and growth [2][5][21]. Summary by Sections Guarantee Overview - The company has provided a total of 26,998,000 RMB in guarantees for its subsidiaries, which include Jiangsu Liyuan, Changzhou Liyuan, Nanjing Liyuan, Jiangsu Kelasu, and Longpan New Materials [2][5]. - The total guarantee amount provided by the company and its subsidiaries has reached 54.78 billion RMB, with no overdue guarantees reported [4][24]. Decision-Making Process - The company held board meetings on February 21, 2025, and April 17, 2025, to approve the comprehensive credit and guarantee limits for 2025, allowing for a total guarantee limit of 13.95 billion RMB [6][23]. Subsidiary Information - Jiangsu Liyuan, Changzhou Liyuan, and Nanjing Liyuan are all controlled subsidiaries of the company, with the remaining shareholders not providing proportional guarantees [2][5][21]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the subsidiaries' production and operational needs, ensuring their sustainable and stable development [21]. - The company maintains full control over the subsidiaries' operations and financial management, which mitigates the risk associated with the guarantees [21]. Risk Management - The company has established a comprehensive risk management system for guarantee operations, including dynamic tracking of the subsidiaries' financial conditions and repayment capabilities [22]. Cumulative Guarantee Amount - As of the announcement date, the total approved guarantee amount is 141.70 billion RMB, which exceeds the company's audited net assets for 2024 by 447.04% [24].